Qoo10 CEO seeks to merge Tmon, WeMakePrice amid payment scandal

SEOUL, August 9 (AJU PRESS) - Singapore-based Qoo10, at the center of a payment crisis involving e-commerce platforms Tmon and WeMakePrice, announced Friday that it has initiated the process to merge the two Korean subsidiaries. Qoo10 applied on Thursday for the establishment of a new corporation, named KCCW (K-Commerce Center for World), with a paid-in capital of 999,999,900 won ($732,493) to push for the merger of the two companies. Tmon and WeMakePrice are facing a financial c

August 9, 2024

PHOTOS: Gundam, Pokemon, One Piece featured at Bandai Namco's Fun Expo

SEOUL, August 09 (AJU PRESS) - Bandai Namco Korea hosts Fun Expo 2024 at COEX in Seoul from Aug. 8 to 11. The free-entry event showcases and sells popular IPs including Gundam, Power Rangers, Kamen Rider, Digimon, Tamagotchi, One Piece, Sanrio, Pokemon and Dragon Ball. Visitors can explore and purchase various character merchandise, including limited-edition Gundam plastic models and figures. The expo features interactive experiences such as plastic model assembly workshops, Nanoblock buildin

August 9, 2024

Old Korean building in Washington poised for historic site recognition

Yonhap SEOUL, August 9 (AJU PRESS) - Korea's historic building in Washington, D.C., is expected to be registered as a site of historical significance and worth preserving, the U.S. Federal Register said on Wednesday. Last month, the District of Columbia recommended that the National Register of Historic Places include the Old Korean Legation Museum in its listings, citing its importance in U.S. history. The final decision will be made by the U.S. National Park Service after gath

August 9, 2024

Naver reports record Q2 operating profit with strong growth across most segments

SEOUL, August 9 (AJU PRESS) - Korean tech giant Naver reported a record-high operating profit for the second quarter on Friday, fueled by strong growth across most business segments, including search services, commerce and financial technology. Naver said in a regulatory filing that its operating profit increased by 26.8 percent year-on-year to 472.7 billion won ($343.6 million) for the April-June period. Revenue surged 8.4 percent to 2.6 trillion won. Its adjusted EBITDA (Earnin

August 9, 2024

PHOTOS: Haebangchon, a trendy multicultural hub in Seoul

SEOUL, August 9 (AJU PRESS) - Haebangchon, a hilly neighborhood in Seoul's Yongsan district, is a trendy multicultural hub, attracting both domestic and international visitors. The area's name means "Liberation Village." During the Japanese occupation from 1910-45, it served as a Shinto shrine and military shooting range. After Korea's liberation on Aug. 15, 1945, Haebangchon initially housed North Korean refugees, returnees and those displaced by the war. Its proximi

August 9, 2024

PHOTOS: World Franchise Expo kicks off at COEX

SEOUL, August 9 (AJU PRESS) - The 74th World Franchise Expo is underway at COEX in Seoul from Thursday to Saturday. The event showcases over 180 domestic companies, offering aspiring entrepreneurs and industry professionals a chance to explore key start-up trends. Attendees can attend seminars led by experienced entrepreneurs and engage in one-on-one consultations with industry experts.

August 9, 2024

PHOTOS: Global Baby Fair showcases latest childcare trends in Seoul

SEOUL, August 9 (AJU PRESS) - The 2024 Global Baby Fair, an exhibition focused on products and services for infants and young children, opened Thursday at COEX in Seoul. The four-day event, running through Sunday, showcases popular brands related to pregnancy, childbirth, childcare products and early childhood education. Visitors can also explore various events and programs designed for both youngsters and parents. The fair aims to provide attendees with the latest information and trend

August 9, 2024

PHOTOS: 'Parasite' film location embroiled in redevelopment dispute

SEOUL, August 9 (AJU PRESS) - Ahyeon 1-dong in Mapo-gu, Seoul, served as the backdrop for the Oscar-winning film "Parasite" (2019). The district preserves glimpses of old Seoul while grappling with substandard living conditions. Characterized by extremely steep slopes, many dwellings lack adequate sunlight due to the cramped spaces between buildings. In 2022, the area was designated for secondary public redevelopment. However, two years

August 9, 2024

Opinion: Cancellation of Taylor Swift's Eras Tour shows is the latest incident in long history of concert terrorism

SEOUL, August 9 (AJU PRESS) - Taylor Swift's Eras' Tour concerts in Vienna, scheduled for August 8–10, have been cancelled due to a foiled terrorist plot. The events were expected to draw around 65,000 attendees each night. Two suspects have been arrested. The main suspect is a 19-year-old Austrian citizen who is believed to have pledged allegiance to Islamic State last month. Authorities found chemical substances in his possession and noted that he had been radicalize

August 9, 2024

Kim Yu-jin wins gold in taekwondo, 13th for South Korea in Paris

SEOUL, August 09 (AJU PRESS) - Kim Yu-jin of South Korea captured the gold medal in the women’s -57-kilogram taekwondo competition at the Paris Olympics on Thursday. The unseeded Kim defeated four of the top five ranked fighters in the weight class to claim the title. Facing world No. 2 Nahid Kiani of Iran in the final, Kim dominated the match, winning a decisive 2-0 decision. The South Korean’s speed, precision, and tactical acumen proved too much for the Iranian cha

August 9, 2024